Syrma SGS Technology Share Price Target 2027: Can It Reach Rs 2,190? Base Case at Rs 1,828
- November 6, 2026
- Posted by: Ankit Jaiswal
- Category: Market
Syrma SGS Technology share price Rs 1,435.20 (6 November 2026). Base target Rs 1,828, bull Rs 2,190, downside risk Rs 1,219. PE 63.93. 52W range Rs 634.50 to Rs 1,822.60.
Quick Answer
The Syrma SGS Technology share price target for 2027 is Rs 1,828, about 27.4% above the current price of Rs 1,435.20. The bull case is Rs 2,190, and the downside risk level, which is not a target, is Rs 1,219. The base case assumes earnings per share grow 20.0% a year, a cap applied because the FY24 to FY26 pace was 67.6%, with the stock holding its PE of 63.93. These are model-based estimates built from reported financials, not guaranteed outcomes.
Investors weighing a Syrma SGS Technology target price for 2027 should start with where the stock sits today. At Rs 1,435.20 on 6 November 2026, it is 21.3% below its 52-week high of Rs 1,822.60 and 126.2% above its 52-week low of Rs 634.50. That range spans 187% from low to high, so the entry point matters as much as the Syrma SGS Technology price forecast itself.
This article builds the Syrma SGS Technology share price target from reported numbers only: five years of annual results, the last five quarters, the latest shareholding pattern and current valuation ratios from company filings and exchange data. Each scenario states its assumptions, so you can trace how the base case, the bull case and the downside risk level were reached and test them against your own view.
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Syrma SGS Technology Stock Analysis: Company Overview and Key Stats
Syrma SGS Technology (NSE: SYRMA) has a market capitalisation of Rs 29,378 crore. In FY26 it reported revenue of Rs 4,857 crore and net profit of Rs 345.81 crore. The table collects the figures the Syrma SGS Technology share price target is built on.
| Metric | Value |
|---|---|
| Company | Syrma SGS Technology |
| NSE Ticker | SYRMA |
| CMP (6 November 2026) | Rs 1,435.20 |
| 52-Week High | Rs 1,822.60 |
| 52-Week Low | Rs 634.50 |
| Market Cap | Rs 29,378 crore |
| PE Ratio (TTM) | 63.93 |
| Industry PE | 69.78 |
| Price to Book | 9.66 |
| Return on Equity | 13.85% |
| Debt to Equity | 0.27 |
| EPS (TTM) | Rs 23.83 |
| Dividend Yield | 0.10% |
| 12-Month Base Target | Rs 1,828 |
| Bull Case | Rs 2,190 |
| Downside Risk Level (not a target) | Rs 1,219 |
Why Is Syrma SGS Technology Share Price Target Set at Rs 1,828 for 2027?
The arithmetic is short. Trailing EPS of Rs 23.83 grown for one year gives a forward EPS estimate of Rs 28.60, and multiplying it by the unchanged PE of 63.93 gives the Rs 1,828 base-case Syrma SGS Technology stock target. The bull case adds faster earnings growth and a higher multiple, while the downside risk level assumes flat earnings and a lower multiple.
Earnings Growth Behind the Syrma SGS Technology Target Price: Five Years of Results
Syrma SGS Technology grew revenue from Rs 1,284 crore in FY22 to Rs 4,857 crore in FY26, a compound annual growth rate of 39.4%. Net profit grew faster, from Rs 76.44 crore to Rs 345.81 crore (45.8% a year), which shows margin gains did part of the work and not just higher sales.
| Financial Year | Revenue (Rs Cr) | Net Profit (Rs Cr) | EPS (Rs) | Dividend per Share (Rs) |
|---|---|---|---|---|
| FY22 | 1,284.44 | 76.44 | 4.94 | 0.00 |
| FY23 | 2,092.14 | 123.11 | 7.50 | 1.50 |
| FY24 | 3,212.45 | 124.34 | 6.02 | 1.50 |
| FY25 | 3,836.11 | 184.45 | 9.52 | 1.50 |
| FY26 | 4,856.87 | 345.81 | 16.92 | 1.50 |
FY26 revenue growth was 26.6%, slower than the four-year average of 39.4%, and net profit moved up 87.5%. EPS rose from Rs 6.02 in FY24 to Rs 16.92 in FY26. The FY27 outlook depends on whether that EPS estimate keeps compounding.
Margins and the Latest Quarter
Syrma SGS Technology converted 7.1% of FY26 revenue into net profit, against 4.8% in FY25, within a five-year range of 3.9% to 7.1%. EBITDA margin was 11.9% in FY26 versus 9.7% in FY25.
In the September 2026 quarter, revenue was Rs 2,000 crore, up 73.2% from the same quarter a year earlier, while net profit of Rs 124.20 crore was up 87.2%. EBITDA came in at Rs 203.15 crore, up 63.9% year on year. The next quarterly result is the first test of whether the earnings assumption holds.
Balance Sheet and Cash Flow
Debt to equity stands at 0.27, and shareholders’ equity grew from Rs 582.90 crore in FY22 to Rs 3,065 crore in FY26. Operating cash flow in FY26 was Rs 289.57 crore against capital expenditure of Rs 191.76 crore, leaving free cash flow of Rs 97.81 crore, or 0.3% of the current market capitalisation. In FY25 free cash flow was negative at Rs 68.69 crore, so cash generation has not been steady year to year.
Valuation Check for the Syrma SGS Technology Stock Target: PE, Price to Book and ROE
At a PE of 63.93 against an industry PE of 69.78, Syrma SGS Technology trades in line with its industry. Price to book is 9.66 on a book value of Rs 157.74 per share, and return on equity is 13.85%. A PE of 63.93 equals an earnings yield of 1.6%, and the FY26 dividend of Rs 1.50 per share gives a yield of 0.10%.
Shareholding Pattern and Institutional Holding
Promoters held 41.71% of Syrma SGS Technology in September 2026, and promoter holding fell from 42.97% in September 2025 to 41.71% in September 2026. Foreign institutional investors (FII) held 9.53% and domestic institutions (DII) held 14.47%, which puts total institutional holding at 24.00%. FII holding rose from 7.02% in September 2025 to 9.53% in September 2026. Public shareholders own the remaining 34.29%. A meaningful institutional holding adds a layer of research coverage and trading depth.
Syrma SGS Technology Share Price Targets for the Short Term and 12 Months
Short Term Syrma SGS Technology Stock Target Levels: Technical Setup
At Rs 1,435.20 on 6 November 2026, Syrma SGS Technology trades below its 50-day simple moving average of Rs 1,598.05 and above its 200-day exponential moving average of Rs 1,280.44. The 14-day RSI reads 38.5, which is neutral territory, and the MACD line sits below its signal line. The nearest resistance level is Rs 1,598.05 (50-day simple moving average) and the nearest support is Rs 1,280.44 (200-day exponential moving average). A sustained move above Rs 1,598.05 would improve the short-term setup, while a close below Rs 1,280.44 would shift attention to the next support.
12 Month Syrma SGS Technology Target Price for 2027
The 12-month target of Rs 1,828 means a move of 27.4% up from Rs 1,435.20 over the next 12 months. It would also push the stock above its 52-week high of Rs 1,822.60. Anyone checking the Syrma SGS Technology share price target against their own view should focus on two inputs: the EPS estimate and the PE multiple.
How EPS Growth and PE Multiple Change the Syrma SGS Technology Target Price
| EPS Growth | PE 51.14 | PE 63.93 | PE 73.52 |
|---|---|---|---|
| 0.0% (EPS Rs 23.83) | Rs 1,219 | Rs 1,523 | Rs 1,752 |
| 20.0% (EPS Rs 28.60) | Rs 1,463 | Rs 1,828 | Rs 2,103 |
| 25.0% (EPS Rs 29.79) | Rs 1,523 | Rs 1,904 | Rs 2,190 |
Each cell multiplies the forward EPS estimate by the PE shown. Reading across a row shows what a de-rating or re-rating does to the Syrma SGS Technology price forecast, and reading down a column shows what earnings growth is worth at a fixed multiple.
Bull Case and Downside Risk for Syrma SGS Technology Stock Target in 2027
Bull Case Rs 2,190
The bull case Syrma SGS Technology price target needs EPS growth of 25.0%, which lifts forward EPS to Rs 29.79, and a PE multiple that rises 15% to 73.52. That gives Rs 2,190, 52.6% above the current price and above the 52-week high of Rs 1,822.60, so the stock would have to set a fresh 52-week high.
Downside Risk Level Rs 1,219
The downside risk level is not a target. It assumes EPS stays flat at Rs 23.83 and the PE falls 20% to 51.14. That gives Rs 1,219, 15.1% below the current price and above the 52-week low of Rs 634.50.
| Scenario | EPS Growth | PE Multiple | Price (Rs) | Change vs CMP |
|---|---|---|---|---|
| Bull Case | 25.0% | 73.52 | Rs 2,190 | +52.6% |
| Base Case | 20.0% | 63.93 | Rs 1,828 | +27.4% |
| Downside Risk | 0.0% | 51.14 | Rs 1,219 | -15.1% |
Key Risks to the Syrma SGS Technology Target Price for 2027
Growth Slowdown Risk for the Syrma SGS Technology Price Target
Revenue in the September 2026 quarter was up 73.2% year on year, and FY26 revenue growth was 26.6%. If growth slows from here, the EPS estimate behind the Syrma SGS Technology stock target will need revising.
Liquidity and Size Risk
Syrma SGS Technology has a market capitalisation of Rs 29,378 crore. Institutional holding is 24.00%, and promoters hold 41.71%. Stocks of this size are usually liquid, though exits can take longer than entries when the market is falling.
Valuation and Margin Risk
Net margin was 7.1% in FY26, so a small slip in costs moves profit noticeably. At a PE of 63.93 versus an industry PE of 69.78, a de-rating toward the downside-risk PE of 51.14 would cut the price even if earnings hold.
Market and Technical Risk
Technical indicators add short-term risk: the 14-day RSI is 38.5 and the MACD sits below its signal line. A broad fall in the Nifty 50 or the Sensex can override company fundamentals for weeks at a time. That applies to any Syrma SGS Technology stock target, however carefully it is built.
How to Invest in Syrma SGS Technology
Start with the live price and volume. Any Syrma SGS Technology share price target is only as current as the data behind it, and the data here is as of 6 November 2026, so refresh the Rs 1,435.20 price before acting on any level.
Next, review the fundamentals yourself. The Univest Screener lets you check Syrma SGS Technology’s PE, ROE, debt and shareholding in one place.
Check Syrma SGS Technology fundamentals on the Univest Screener
Then compare the three Syrma SGS Technology target price scenarios with your own view. If you expect EPS growth below 20.0%, the base case is too optimistic for you; if you expect more, the bull case deserves weight.
Decide your position size and exit levels before you buy. The support and resistance levels above can serve as reference points, but they are not recommendations.
Finally, place the order through a SEBI-registered broker or the Univest app, and review the position after each quarterly result. Consult a SEBI-registered advisor if you are unsure.
Download the Univest iOS App or Univest Android App to track Syrma SGS Technology live price and get daily stock recommendations.
Conclusion
The Syrma SGS Technology share price target for 2027 is Rs 1,828 in the base case, with Rs 2,190 as the bull case. The support for that view is arithmetic you can check: EPS grew 67.6% a year over FY24 to FY26, and the stock trades at a PE of 63.93. The risks are equally concrete, including a net margin of just 7.1% that leaves profit sensitive to costs and a downside scenario that cuts the price 15% if earnings stall. Use these numbers as a framework, check them against the latest filings, and size any position to your own risk appetite.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs on Syrma SGS Technology Share Price Target 2027
What is the Syrma SGS Technology share price target for 2027?
Ans. The base-case Syrma SGS Technology share price target for 2027 is Rs 1,828, which is 27.4% above the price of Rs 1,435.20 on 6 November 2026. The bull case is Rs 2,190 and the downside risk level, which is not a target, is Rs 1,219. All three come from one method: forward EPS multiplied by a PE multiple, using only reported results. They are model estimates and not guaranteed outcomes, and the next quarterly result is the first check on the EPS assumption.
What is the Syrma SGS Technology share price today?
Ans. As of 6 November 2026, 9:49 AM IST, Syrma SGS Technology (NSE: SYRMA) trades at Rs 1,435.20, down 5.27% on the day. That is 21.3% below the 52-week high of Rs 1,822.60 and 126.2% above the 52-week low of Rs 634.50. The market capitalisation of Rs 29,378 crore places it among mid-cap stocks. Prices change through the trading session, so check the live quote before acting on any level in this article.
Is Syrma SGS Technology a buy or sell at the current price?
Ans. The data points both ways. On the positive side, EPS has grown 67.6% a year over FY24 to FY26 and the base case implies 27.4% upside; on the cautious side, the net margin is a thin 7.1%, and the downside risk level of Rs 1,219 is 15% below the current price. Whether Syrma SGS Technology fits your portfolio depends on your time horizon, position size and risk appetite. Consult a SEBI-registered advisor before investing, as this article is not investment advice.
What are the bull case target and downside risk level for Syrma SGS Technology shares?
Ans. The bull case in the Syrma SGS Technology share price target for 2027 is Rs 2,190, which assumes 25.0% EPS growth and a PE of 73.52, a 15% re-rating from today’s multiple. That is 52.6% above the current price and above the 52-week high of Rs 1,822.60, so the stock would have to set a fresh 52-week high. The downside risk level is Rs 1,219, which assumes flat EPS and a PE of 51.14, 20% lower than today. It sits 15.1% below the current price and above the 52-week low of Rs 634.50, and it marks a risk to watch, not a target.
What are the main risks to the Syrma SGS Technology price target?
Ans. Four risks matter most for the Syrma SGS Technology share price target: slower revenue or profit growth, a PE de-rating, thin liquidity or size risk, and weakness in the broader market. With a market capitalisation of Rs 29,378 crore, the stock is usually liquid, though exits can take longer than entries in a falling market. A fall to the downside-risk PE of 51.14 would cut the price even if earnings hold.
What is the PE ratio of Syrma SGS Technology and how does it compare with the industry?
Ans. The PE ratio of Syrma SGS Technology is 63.93, against an industry PE of 69.78, which is a level close to the industry. Price to book is 9.66 and return on equity is 13.85%, and the PE equals an earnings yield of 1.6%. The base case holds the PE unchanged, so the Syrma SGS Technology share price target moves only with earnings, while the bull and downside scenarios change the multiple by +15% and -20%.
Who owns Syrma SGS Technology, and what is the promoter holding?
Ans. Promoters held 41.71% of Syrma SGS Technology in September 2026. FII held 9.53%, DII held 14.47% and the public held 34.29%. Together the two institutional groups hold 24.00%. Shareholding is filed every quarter, so it is worth rechecking after each result.
What were Syrma SGS Technology’s latest quarterly results?
Ans. In the September 2026 quarter, Syrma SGS Technology reported revenue of Rs 2,000 crore (up 73.2% year on year) and net profit of Rs 124.20 crore (up 87.2%). For comparison, FY26 full-year revenue growth was 26.6% and net profit moved up 87.5%. Each new quarter either supports or weakens the EPS growth of 20.0% assumed in the base case.
